Every club owes transfer fees. Everything is paid in installments.
Levy's propaganda is hilarious.
Funny how we are skint, but can afford to pay out the highest chief executive salary

Premier League clubs : How much each owes in future transfer instalments - Astonishing
Astonishing - Premier League clubs : How much each owes in future transfer instalments.
www.themag.co.uk
Premier League clubs owing over £3billion in future transfer instalments ...The ‘big six’ owing between them well over £1.8billion of that £3billion+ figure.
Blue Scum (£491m)
Man U (£414m)
Spurs (£307m)
Woolwich (£268m)
Man City (£230m)
Liverpool (£123m)
Many clubs will in reality have significantly higher transfer instalment debts, for example, in this new report from Kieran Maguire it won’t yet include the fact that Man City did around £185m of incoming deals in January 2025 and much of that will be to paid in future transfer instalments.